ILLOVO SUGAR MALAWI PLC TRADING STATEMENT - 28 FEB 2021

Trading Statement for the half year ending 28 February 2021

In terms of the Listings Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial statements for the period to be reported upon will differ by at least 20% from that of the previous corresponding period.

Illovo Sugar (Malawi) plc accordingly advises that profit after tax for the half year ending 28 February 2021 is expected to be higher than the previous corresponding period by at least 60%. The information on which the above trading statement is based has not been reviewed or reported on by Illovo Sugar Malawi plcʼs external auditors

BY ORDER OF THE BOARD

Maureen Kachingwe

Company Secretary

Date: 24 February 2021